Pearson eText Business in Action -- Instant Access (Pearson+)
9th Edition
ISBN: 9780135636459
Author: Courtland Bovee, John Thill
Publisher: PEARSON+
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Chapter 5, Problem 7QR
Summary Introduction
To discuss: Closely held corporations and the reasons companies choosing this form of ownership.
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The results of your four plans will provide an indicative EOQ value. State this value and discuss in a precise manner, why it is not the exact, true value.
Additional calculations in the form of plans E, F etc. may also assist your explanation of the EOQ and can be included
i). Complete the table assuming a Level production plan.
ii) Comment on your results and explain whether at this stage, you consider a Level plan is a suitable approach for this particular business. Your comment should include reference to a calculated ‘fill rate’.
In the following sawtooth inventory profile diagram, two inventory plans with different order quantities (Q) and different frequencies of delivery are shown; order quantity for Plan A = 200 units and Plan B = 50 units.
i). Total demand (D) is 350 units, the holding cost per unit (Ch) is equal to (£0.8) and the ordering cost per order (Co) is (£12.5). Calculate the total costs for each plan and state which one is more preferable along with the reason why.
ii). There is a stark difference in the composition of the total costs of Plans A and B. Explain this difference and why it occurs. Use the breakdown of costs for each plan to help illustrate your answer.
Chapter 5 Solutions
Pearson eText Business in Action -- Instant Access (Pearson+)
Ch. 5.1 - Prob. 1CTCh. 5.1 - Prob. 2CTCh. 5.1 - Prob. 1IYBCh. 5.1 - Prob. 2IYBCh. 5.2 - Prob. 1CTCh. 5.2 - Prob. 2CTCh. 5.2 - Prob. 1IYBCh. 5.2 - Prob. 2IYBCh. 5.3 - Prob. 1CTCh. 5.3 - Prob. 2CT
Ch. 5.3 - Prob. 1IYBCh. 5.4 - Prob. 1CTCh. 5.4 - Prob. 2CTCh. 5.4 - Prob. 1IYBCh. 5.5 - Prob. 1CTCh. 5.5 - Prob. 2CTCh. 5.5 - Prob. 1IYBCh. 5.5 - Prob. 2IYBCh. 5.6 - Prob. 1CTCh. 5.6 - Prob. 1IYBCh. 5.7 - Prob. 1CTCh. 5.7 - Prob. 1IYBCh. 5 - Prob. 1CTQCh. 5 - Prob. 2CTQCh. 5 - Prob. 3CTQCh. 5 - Prob. 4QRCh. 5 - Prob. 5QRCh. 5 - Prob. 6QRCh. 5 - Prob. 7QRCh. 5 - Prob. 8QRCh. 5 - Prob. 9QRCh. 5 - Prob. 10QRCh. 5 - Prob. 11QRCh. 5 - Prob. 12QACh. 5 - Prob. 13QACh. 5 - Prob. 14QACh. 5 - Prob. 15QACh. 5 - Prob. 16QACh. 5 - Prob. 17QACh. 5 - Prob. 18QACh. 5 - Prob. 19QACh. 5 - Prob. 20QAPCh. 5 - Prob. 21QAPCh. 5 - Prob. 22QAPCh. 5 - Prob. 23QAPCh. 5 - Prob. 1IBTCh. 5 - Prob. 1REDCh. 5 - Prob. 1SCS
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